(10 February 2020)Gold spot ($) Supported by a rising trend line.

Pivot
 (invalidation): 1567.00
Our preference
Long positions above 1567.00 with targets at 1576.50 & 1580.00 in extension.
Alternative scenario
Below 1567.00 look for further downside with 1563.00 & 1560.00 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)